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CNO: Q4 Earnings Snapshot
CARMEL, Ind. (AP) — CARMEL, Ind. (AP) — CNO Financial Group Inc. (CNO) on Thursday reported fourth-quarter profit of $166.1 million.
The Carmel, Indiana-based company said it had net income of $1.58 per share. Earnings, adjusted for non-recurring gains, came to $1.31 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.
The insurance holding company posted revenue of $1.1 billion in the period. Its adjusted revenue was $1.14 billion, which also beat Street forecasts. Three analysts surveyed by Zacks expected $949.7 million.
For the year, the company reported profit of $404 million, or $3.74 per share. Revenue was reported as $4.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNO at https://www.zacks.com/ap/CNO
